MPSLTD trade ideas
Multi year breakout.One can follow the marked level to understand the stock breakout. Also the volume accumulation is quite visible. Hold with sl of 740 on closing basis for T +5 and sl of 700 for short term.
Disclaimer : The post is for sharing my understanding of charts and hence educational in nature. One may do their own study before taking position in the stock.
LONG ON MPS LTDMPS LTD is near its ATH and can continue on this path.
one can buy at cmp and can average on the lower prices.
Intraday Trade: watch for resistance breakoutbuy above 581 in intraday
As volume is less check volume on 5 minute tf when it approaches near breakout.
the volume should be high or increasing compare to last few candles (like atleast 10-30 candles)
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
MPS...LET THE DIVIDEND COME IN...Above stock Given is For Educational Purpose...Consult Your Financial Advisor Before Investing.....
Bullish Breakout possible?Fundamentally good company.. Bottom in place... Now Ready to fly...
Lets see.
Note: Consult your adviser before taking any position
MPSLT inside bar betBuy if it breaches 546.55 with stop loss at 536.2(higher possibility)
or
Sell is it breaches 526.2 with stop loss at 546.55
MPS Ltd - Paint to ContinueLooks like the major support is 400-420. The downward channel trend will continue. Need to see a breakout of down channel for meaningful performance.
#MPSLTDMonthly view
Monthly close <578.90 and L >555.25 with strength candle
will be first candle for reversal
Monthly close >604 and H >639 with strength candle
will be first candle for reversal
#MPSLTDWeekly View
Weekly close >601 and H >610 with strength candle
will be second candle for reversal confirmation
Awaited signs for reversal
#MPSLTDReversal is confirmed
CCI-D >100
CCI-W/M In Sell Hold
Fresh TGC
Forming Higher Lows
Target 647 / 690
SL 570
MPS Ltd : ₹ 597.60 res:700 sup:555MPS Ltd : ₹ 597.60 (Printing & Stationery) is currently at 50 % retracement level and at support now.
having an initial resistance at 700 area, on break from the res it can see higher levels.
The Company provides publishing solutions, including content creation, production, transformation and technology services, such as computer programming and related activities, and information service activities. Its content creation and development service comprises authorship and foundation of the publishing business. Good scrip for a long term investment.
Market Cap.: ₹ 1,112.55 Cr.
Book Value: ₹ 184.98
Stock P/E: 16
52 Week High/Low: ₹ 799.00 / ₹ 620.00
ROE: 21%
Number of equity shares: 1.86 cr
EPS: ₹ 37
Expected quarterly EPS: ₹ 12
momo setupvery good flag pattern.
Get in early as it shows some strength without confirmation.
Sl 650
